i Table of contents 360

A Guide To STARTING A BUSINESS IN MINNESOTA 42nd Ed 2024

PREFACE		4
TABLE OF CONTENTS		5
CHOOSING THE FORM OF BUSINESS ORGANIZATION		8
TAX AND NON-TAX CONSIDERATIONS		8
NAMING THE BUSINESS ENTITY		39
FORMING A SOLE PROPRIETORSHIP		46
FORMING A PARTNERSHIP		46
FORMING A MINNESOTA BUSINESS CORPORATION		51
FORMING A MINNESOTA LIMITED LIABILITY COMPANY		58
SPECIAL TYPES OF BUSINESS ORGANIZATIONS		63
FILING DOCUMENTS WITH THE OFFICE OF THE MINNESOTA SECRETARY OF STATE		69
OFFICE OF THE MINNESOTA SECRETARY OF STATE FEE SCHEDULE FOR BUSINESS ENTITY FILINGS		71
REGULATORY CONSIDERATIONS		76
SECURITIES REGISTRATION		76
FRANCHISE REGISTRATION		84
EVALUATING A BUSINESS OPPORTUNITY		86
BUSINESS LICENSES AND PERMITS		88
ENVIRONMENTAL PROTECTION PROGRAMS		91
INTELLECTUAL PROPERTY PROTECTION		96
BUSINESS PLAN		97
ACCOUNTING FOR THE NEW BUSINESS		101
BASIC ACCOUNTING PRINCIPLES		101
INCOME FORECASTING TECHNIQUES		103
BUSINESS GRANTS		107
BUSINESS LOANS		108
PUBLIC SOURCES OF FINANCING – FEDERAL PROGRAMS		110
PUBLIC SOURCES OF FINANCING / TAX CREDITS – STATE PROGRAMS		115
PUBLIC SOURCES OF FINANCING – LOCAL PROGRAMS		129
PRIVATE SOURCES OF FUNDS		130
INSURANCE		131
ISSUES FOR EMPLOYERS		134
WHO IS AN EMPLOYEE?		134
EMPLOYMENT AGREEMENTS		139
LABOR STANDARDS		141
REST BREAKS AND LEAVE TIME		161
EMPLOYEE TESTING AND BACKGROUND CHECKS		167
EMPLOYMENT OF MINORS		171
PROTECTION OF EMPLOYEES WHO REPORT VIOLATIONS OF LAW		175
HUMAN RIGHTS		177
IMMIGRATION LAW COMPLIANCE		184
OCCUPATIONAL SAFETY AND HEALTH		186
WORKERS’ COMPENSATION INSURANCE		192
EMPLOYEE BENEFITS		199
PLANT CLOSINGS		201
POSTER REQUIREMENTS		202
CHECKLIST FOR HIRING AN EMPLOYEE		205
BUSINESS TAXES		217
TAX IDENTIFICATION NUMBERS		219
BUSINESS INCOME TAX RETURNS		223
SALES AND USE TAX		231
FICA TAX		237
INCOME TAX WITHHOLDING		238
SUCCESSOR LIABILITY FOR CERTAIN TAXES WHEN A BUSINESS OR ITS ASSETS ARE TRANSFERRED		245
REVOCATION OR PREVENTION OF LICENSE ISSUANCE OR RENEWAL		246
UNEMPLOYMENT INSURANCE TAXES		247
FEDERAL TAX REQUIREMENTS		254
STATE OF MINNESOTA TAX REQUIREMENTS		255
SOURCES OF INFORMATION AND ASSISTANCE		257
STATE PROGRAMS		257
SMALL BUSINESS ASSISTANCE OFFICE		257
SMALL BUSINESS DEVELOPMENT CENTERS (SBDCs)		258
MINNESOTA TRADE OFFICE		259
MINNESOTA BUSINESS FIRST STOP		261
LAUNCH MINNESOTA		261
VOCATIONAL REHABILITATION SERVICE		261
EMPLOYMENT AND TRAINING PROGRAMS		262
MINNESOTA JOB SKILLS PARTNERSHIP		263
DISLOCATED WORKER PROGRAM		264
MINNESOTA FEDERAL BONDING SERVICE		264
UNIVERSITY OF MINNESOTA EXTENSION		265
GOVERNMENT PROCUREMENT ASSISTANCE		265
FEDERAL PROCUREMENT		265
STATE PROCUREMENT		270
LOCAL PROCUREMENT		272
ACCOUNTING AND TAX ASSISTANCE		272
PUBLIC ACCOUNTANTS		272
ENROLLED AGENTS		274
TAXPAYER EDUCATION WORKSHOPS		275
LIBRARIES		275
ADDITIONAL SOURCES OF ASSISTANCE		279
SPECIALIZED LEGAL RESEARCH AND ASSISTANCE		279
MANAGEMENT ASSISTANCE FOR MINORITY BUSINESSES		279
INCUBATORS		279
INVENTORS RESOURCES		280
MINNESOTA STATE		280
REGIONAL DEVELOPMENT COMMISSIONS		280
EXPORT / IMPORT ASSISTANCE		280
SCORE		281
WOMEN OWNED BUSINESS ASSISTANCE		281
BUSINESS CERTIFICATION		282
BUSINESS SUCCESION AND EXIT PLANNING		282
RESOURCE DIRECTORY		286
CONTENTS		286
COOPERATIVES		288
ENVIRONMENTAL		288
EXPORT / IMPORT ASSISTANCE		288
FINANCING, FEDERAL SOURCES		289
FINANCING / TAX CREDITS, STATE SOURCES		291
FINANCING, LOCAL SOURCES		293
FINANCING, PRIVATE SOURCES		296
GOVERNMENT, FEDERAL		297
GOVERNMENT, STATE		301
GOVERNMENT, REGIONAL		312
INSURANCE		313
INVENTORS		314
JOB SERVICE and JOB TRAINING		314
LEGAL ASSISTANCE		317
LIBRARIES		317
LOCAL ASSISTANCE FOR SMALL BUSINESSES		321
MANAGEMENT ASSISTANCE / MENTORS		323
MANAGEMENT / DEVELOPMENT ASSISTANCE FOR MINORITY OWNED BUSINESSES		323
PROCUREMENT / PURCHASING / CERTIFICATION / OTHER ASSISTANCE		328
TAX AND ACCOUNTING ASSISTANCE		331
ADDITIONAL RESOURCES		331
ADA INFORMATION		331
COUNTY LICENSING AGENTS		331
CITY LICENSING CONTACTS		332
CO-WORKING / CREATIVE / INCUBATOR SPACES		333
NONPROFIT INFORMATION		334
OTHER		335
DIRECTORY OF LICENSES AND PERMITS		340

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